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Hence the momentum behind a strategic bitcoin reserve. Following MicroStrategy’s price models, the bitcoin reserve proposed by Senator Lummis could cut the national debt in half over the next 20 ...
The concept of the strategic Bitcoin reserve first broke into the public consciousness in July 2024, during a Bitcoin conference in Nashville, when U.S. Senator Cynthia Lummis (R-Wyoming) outlined ...
But, as outlined by Lummis, the strategic Bitcoin reserve would commit the U.S. government to buying 200,000 Bitcoins per year, for a total of 1 million Bitcoins during the next five years.
Cynthia Marie Lummis Wiederspahn (/ ˈ l ʌ m ɪ s / LUH-miss; [1] born September 10, 1954) is an American attorney and politician serving as the junior United States senator from Wyoming since 2021. A member of the Republican Party, Lummis served as the U.S. representative for Wyoming's at-large congressional district from 2009 to 2017.
U.S. Sen. Cynthia Lummis, R-Wyoming, has already introduced the Bitcoin Act of 2024 that would make the strategic Bitcoin reserve a reality. It would commit the U.S. government to purchasing 1 ...
What would a bitcoin reserve do? In the same week that Trump pledged to create a national stockpile, Wyoming Senator Cynthia Lummis put out the leading blueprint for what one could look like.
Hayes expressed skepticism about the feasibility of a Bitcoin Strategic Reserve, a concept that has been discussed in the context of Trump's policies. He doubts that such a reserve would be implemented and suggests that any new dollars created would more likely be used for voter-appealing programs rather than purchasing Bitcoin. [29] [30]
Bitcoin (CRYPTO: BTC) broke the $100,000 barrier, the intersection of artificial intelligence (AI) and blockchain technology took center stage, and altcoins surged to new heights. Bitcoin's ...